What’s Happening in the Market? April 2025 Update

What’s Happening In The Market?
April Updates

Please note: this SFAR data is for Mar 2025

U.S. existing-home sales rebounded from the previous month, rising 4.2% to a seasonally adjusted annual rate of 4.26 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast sales would fall to a rate of 3.95 million for the month. Purchase activity increased in the South and the West but decreased in the Northeast, while sales in the Midwest remained unchanged from one month earlier.

New Listings were up 11.5 percent for single family homes and 11.8 percent for Condo/TIC/Coop properties. Pending Sales increased 0.5 percent for single family homes and 13.9 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 3.5 percent to $1,809,188 for single family homes but decreased 4.0 percent to $1,104,200 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 16.7 percent for single family units and 14.0 percent for Condo/TIC/Coop units.

Heading into March there were 1.24 million properties for sale, a 5.1% increase from the previous month and a 17% jump from one year ago, for a 3.5-month supply at the current sales pace, according to NAR. While mortgage rates have remained in the mid-to-high 6% range, the additional supply appears to have helped bring some buyers out of the woodwork, even as sales prices continue to rise nationwide.

Based on March SFARMLS month over month data.

I’m very pleased to be able to work with Jane and am happy to recommend her to prospective clients. I first connected with her when I made a brief stop in San Francisco to discuss the possibility of working together. She was easy to talk to, highly responsive, professional, and to the point. She knew the property and the market very well, as she later helped us find a tenant at the exact rate and time frame she first suggested.

What really stood out to me was when there was a major leakage in the building, leading to substantial property damage while I was out of town. Jane was on top of the problem right away — even before we had any formal agreement in place. She expertly guided us through the insurance and repair process, which saved me from potentially months of stress. She quickly took charge, helping us manage furniture, and arranged reflooring, repainting, and styling choices. When we discovered that the original flooring material was out of production and needed replacing, her eye for interior design proved invaluable. Having seen her work on remodeling another unit, I found her recommendations very sensible and helpful.

Jane’s got quite the skillset and I’m sure you’ll be glad to work with her too.

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Museum Parc #708

For Sale – Asking $698,000

Description:
Yerba Buena District
Bedrooms: 1 / Bathrooms: 1
Lovely Courtyard View
Fully Updated Balcony
Wood floors, In-Unit Laundry
Only floor plan with the Large Kitchen and Large Bathroom
Call for details!

CLICK HERE FOR MLS LISTING

Museum Parc #722

For Sale – Asking $698,000

Description:
Yerba Buena District
Bedrooms: 1 / Bathrooms: 1
City Views
Wood floors
In-Unit Laundry
Beautifully Staged
Large Floorplan
Video: Youtube

Museum Parc – 5th Floor

COMING SOON

Description:
Yerba Buena District
Bedrooms: 1 / Bathrooms: 1
Courtyard, Garden Views
Remodeled Kitchen & Bathroom
Engineered floors, In-Unit Laundry
Bedroom with Walk in Closet

Museum Parc – 7th Floor

COMING SOON

Description:
Yerba Buena District
Bedrooms: 2 / Bathrooms: 2
Large, Split Bedroom Floorplan
Peaceful, Garden Courtyard View
Engineered floors, In-Unit Laundry
Preparation in Process